Could Disney Be a Millionaire-Maker Stock?
There's a lot happening at Walt Disney (NYSE: DIS) these days, even if some of its businesses aren't in top form. Its ascending Disney+ service scored another crowd-attracting hit last week with the big-ticket debut of Hamilton. Pro basketball and soccer players arrived at Disney World in Florida earlier this week to resume their athletic endeavors. This weekend we have Disney World opening half of its parks to day guests for the first time in four months.
Some media companies have thrived in this pandemic, flexing their entertainment muscles to deliver at-home escapism. Disney is as powerful as they come when it comes to its intellectual properties, but that hasn't been enough. The stock has declined 17% in 2020, down 22% since hitting all-time highs just before the Thanksgiving holiday last year. The shutdown of its theme parks worldwide and the shutdown of projectors at multiplex operators have eaten into what were two of Disney's three major business segments in fiscal 2019. Disney is still a millionaire-maker with an enviable collection of assets, but it has a long road back to where it was in peak form.
Image source: Disney.
Source Fool.com
